The Western Union Company (WU) Short Interest Up 7.8% in December
The Western Union Company (NYSE:WU) saw a significant growth in short interest in December. As of December 29th, there was short interest totalling 49,631,133 shares, a growth of 7.8% from the December 15th total of 46,019,745 shares. Approximately 10.9% of the company’s stock are short sold. Based on an average daily volume of 3,453,818 shares, the short-interest ratio is currently 14.4 days.
The Western Union (WU) opened at $21.12 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.98. The company has a market cap of $9,700.00, a price-to-earnings ratio of 45.91, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. The Western Union has a 1 year low of $18.39 and a 1 year high of $22.23.
The Western Union (NYSE:WU) last posted its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.09. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. The Western Union had a net margin of 3.83% and a return on equity of 116.85%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. equities analysts anticipate that The Western Union will post 1.83 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the stock. UBS Group raised shares of The Western Union to a “neutral” rating in a research note on Monday, January 8th. ValuEngine raised shares of The Western Union from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Jefferies Group reaffirmed a “hold” rating and issued a $19.00 price target on shares of The Western Union in a research note on Thursday, October 12th. Mizuho reaffirmed a “sell” rating and issued a $16.00 price target on shares of The Western Union in a research note on Sunday, October 15th. Finally, Morgan Stanley upped their price target on shares of The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. Seven equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The Western Union currently has a consensus rating of “Hold” and a consensus target price of $19.59.
In other news, EVP Jean Claude Farah sold 50,813 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $21.50, for a total value of $1,092,479.50. Following the completion of the sale, the executive vice president now owns 152,362 shares in the company, valued at $3,275,783. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amintore Schenkel sold 15,600 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $21.99, for a total transaction of $343,044.00. Following the completion of the transaction, the insider now directly owns 93,694 shares in the company, valued at $2,060,331.06. The disclosure for this sale can be found here. Insiders sold 83,931 shares of company stock valued at $1,794,643 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Capstone Investment Advisors Netherlands B.V. acquired a new position in The Western Union during the second quarter worth $129,000. Pacer Advisors Inc. boosted its holdings in The Western Union by 8.4% during the second quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock valued at $154,000 after acquiring an additional 627 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in The Western Union during the third quarter valued at about $186,000. Rehmann Capital Advisory Group bought a new stake in The Western Union during the third quarter valued at about $198,000. Finally, Sun Life Financial INC boosted its holdings in The Western Union by 6,764.5% during the second quarter. Sun Life Financial INC now owns 11,395 shares of the credit services provider’s stock valued at $217,000 after acquiring an additional 11,229 shares during the period.
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About The Western Union
The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.
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